It is interesting however, the SEC purportedly has tons of evidence of wrongdoing at these exchanges but completely missed FTX which was a massive fraud. Color me skeptical, it's almost like they are saving face for missing FTX. FTX was even regulated to some extent -- I remember you were able to buy tokenized versions of US stocks on there.
In America you are presumed innocent until proven guilty. Therefore, under our legal system, Binance.US is presumed to not have stolen anyone's money until the SEC passes the burden of proving guilt beyond a reasonable doubt.
These aren’t criminal charges. The standard is preponderance of evidence.
"...is there a Snopes fact checked source?..."
I'm honestly finding it more and more difficult to believe there are actual biological people who think and talk this way...